Trump Waives Punishment for Convicted Mega Banks, Including Deutsche, Which He Owes Millions To. Trump’s relationship with Deutsche Bank dates back to the 1990’s, when the bank gave a line of.
The Trump administration has waived part of the punishment for five megabanks whose affiliates were convicted and fined for manipulating global interest rates. One of the Trump administration waivers was granted to Deutsche Bank – which is owed at least $130 million by President Donald Trump and his business empire, and has also been fined for its role in a Russian money laundering scheme.
· (John locher/ap) donald trump’s business empire owes hundreds of millions of dollars to a giant german bank cast into crisis by settlement negotiations with the Justice Department, a relationship some lawyers say sheds light on the massive financial entanglements he could face as president.
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According to his campaign filing, Trump owes Deutsche Bank hundreds of millions of dollars. The bank’s shares, which had fallen precipitously so far this year as the bank faced massive legal issues and questions about its high-flying, trading-heavy business model, closed up 4.5% today in trading in Germany and up almost 15% since the election, reaching 14.75, its highest level since June.
All of these interactions with the Trump administration and the federal government are transpiring as Deutsche serves as a key creditor for the president’s businesses. Trump owes the German bank at least $130 million in loans, according to the president’s most recent financial disclosure form.
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· How Donald Trump became Deutsche Bank’s biggest headache It’s no surprise the bank that likes to say yes to Trump is reviewing its arrangements with him now he is president Luke Harding and Nick.
Would President Trump Be Able To Punish The Bank He Owes Hundreds Of Millions To? The Department of Justice is seeking a $14 billion penalty from Deutsche Bank, which is owed hundreds of millions of dollars by the Republican candidate.
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